AUDNZD short setup (1:2.5 RRR)

Here you can see a clean divergence. We can also see that price could not reach top of the trend. Here's my setup:
I will wait for the break-out and a re-test. After i see a high fractal, i'm going to enter short. There are 3 profit points for me and I'm not planning to trail my stop.

PS: This is not financial advice.

Atilla

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Breakout + pullback didn't happen